Household saving is defined as the difference between a household’s disposable income (wages, income of the self-employed and net property income) and its consumption (expenditures on goods and services.)

News Highlights: Top Energy Stories of the Day

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Oil future bounced off a three-month low, bolstered by speculation that members of the Organization of the Petroleum Exporting Countries are working out the details of a proposed cut in crude output.

OBAMA ADMINISTRATION ISSUES RULES ON LIMITING METHANE

The Interior Department issued regulations to cut methane emissions from oil and natural gas operations on federal lands, one of the last moves President Barack Obama will make on his climate agenda.

ISRAELI WATERS PART FOR GAS EXPLORATION

Israel launched an auction for licenses to explore 24 blocks for gas, opening its waters to major international companies but exporting to consumers in key regional markets won't be easy.

RUSSIAN ECONOMY MINISTER DETAINEDOVER BRIBE ALLEGATIONS

Russian Economy Minister Alexey Ulyukaev was detained after law enforcement agencies accused him of accepting a bribe for a recent privatization deal.

VW, AUDI MAY FACE HIGHER COSTS FROM EMISSIONS ISSUES

Volkswagen and its Audi unit face the prospect of significantly higher costs to resolve emissions-cheating litigation in the U.S. following a recent disclosure about Audi that unleashed new consumer lawsuits.

POST-ELECTION TRADES REVERSE COURSE

U.S. stocks were mixed Tuesday as many of the best-performing assets since the U.S. election came under pressure.

Russia's defense minister says the strikes, which hit the provinces of Idlib and Homs, included the use of Kaliber cruise missiles.

NATO, EUROPE URGE NO COMPROMISE WITH RUSSIA OVER UKRAINE

America's European allies are insisting that the West must not compromise on its principles or weaken its support for Ukraine, in response to a call this week between President-Elect Donald Trump and Russian President Vladimir Putin.

U.S. RETAIL SALES ROSE BRISKLY IN OCTOBER

Americans spent briskly at retailers in recent months, supporting hopes for a strong holiday shopping season and giving the economy momentum.

U.S. IMPORT PRICES FIRMING

Prices for foreign goods shipped to the U.S. rose in October, a sign of firming inflation driven by higher fuel costs.

MEXICO TO AUCTION 14 ONSHORE OIL, GAS BLOCKS IN JULY

The Mexican government will put 14 oil and gas blocks up for bids in July in its seventh auction of exploration and production areas, which officials expect will draw interest from private Mexican companies.

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Oil Markets

U.S. REFINERS FEEL THE SQUEEZE AS CRUDE OIL DISCOUNT DISAPPEARS

American refiners had benefited for years from the supply of oil coming from U.S. shale fields, but the recent drop in such output has sharply narrowed that advantage.

Business

FIAT CHRYSLER STRUGGLES OVER TERMINOLOGY FOR HYBRID MINIVAN

Fiat Chrysler Automobiles is selling a battery-powered version of its popular minivan and is struggling with a problem many car companies confront when wading into the electric-vehicle market with a car that has complicated technology: What do you call it?